The Thuthuka Bursary Fund is a program that is available solely to African and Coloured students who dream of becoming Chartered Accountants but do not have the funds in order to fulfill that dream. Every year, between 250 and 300 Thuthuka bursaries are awarded for undergraduate BCom Accounting degrees, to students who come from disadvantaged communities.
The word “thuthuka” is a Zulu verb which, in English, translates to “to develop”. This indicates the goal of the fund: for dedicated students to develop not only their education and careers but also their perspectives and life achievements.
The universities that partake in the bursary scheme are accredited by the South African Institute of Chartered Accountants (SAICA). SAICA is not only the leading accountancy body in our country, but it is also influential on an international level.
Thuthuka Bursary Fund Requirements for Application
Any candidates who wish to be considered for this bursary must be South African citizens with valid IDs, be of African or Coloured race, and must be financially needy. The financial need is based on a NSFAS Means Test. The National Student Financial Aid Scheme is a government-funded organization which was created precisely to provide financial aid to students who wish to study at a tertiary education institution. The test will calculate the student’s ability to contribute to their own education based on factors such as family income and other funding sources.